Spun yarn export falls in May, China imported lesser this month

News Tags: Spun yarn export, textile export from india, yarn export to china, yarn export to iran, yarn export to turkey

Mumbai
Spun yarn export falls in May, China imported lesser this month
Summary: 
Spun yarn exports declined in May 2014 after jumping over 19 per cent in April in a year-on-year comparison. During the month 99 million kg of spun yarns were exported worth US$335 million or Rs 1,995 crore. In terms of growth, the volumes were down 6 per cent while US$ earnings fell 10 per cent implying a faster fall in unit price realization, and also the Rupee depreciated 11 per cent against the US$.

Spun yarn exports declined in May 2014 after jumping over 19 per cent in April in a year-on-year comparison. During the month 99 million kg of spun yarns were exported worth US$335 million or Rs 1,995 crore. In terms of growth, the volumes were down 6 per cent while US$ earnings fell 10 per cent implying a faster fall in unit price realization, and also the Rupee depreciated 11 per cent against the US$. Average unit price realization was US$3.39 /kg, down US cents 15 than the realization a year ago but up US cents 5 from previous month.

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